Bloomberg News

Kredyt Bank, Lotos, PGE, Zachodni: Central Europe Equity Preview

March 02, 2012

The following is a list of companies whose shares may undergo unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index (WIG20) gained 0.2 percent, the Czech PX Index (PX) climbed 0.7 percent and Hungary’s BUX Index (BUX) retreated 0.3 percent.

Bank Zachodni WBK SA (BZW) , Kredyt Bank SA (KRB) : Poland’s financial markets regulator may ask Banco Santander SA, which is taking over KBC Groep NV’s local unit Kredyt Bank and plans to merge it with its Zachodni, to keep at least 25 percent of the merged bank trading on the Warsaw bourse, Parkiet reported, without saying where it got the information. Zachodni advanced 0.4 percent to 231 zloty and Kredyt Bank fell 0.2 percent to 14.17 zloty.

Grupa Lotos SA (LTS) : Poland doesn’t plan to sell its 53 percent stake in Lotos, the country’s second-largest oil refiner, this or next year, Polish Press Agency reported yesterday, citing Treasury Minister Mikolaj Budzanowski. Lotos declined 0.4 percent to 27.9 zloty.

PGE SA (PGE) : Krzysztof Kilian has been appointed chief executive officer of Poland’s largest power utility, the Warsaw- based company said in a regulatory statement late yesterday. PGE named Boguslawa Matuszewska its deputy CEO. The shares retreated 0.8 percent to 19.7 zloty.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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